..FED week, QE3 expansion could goose the markets higher. After that nothing holding market up, except possible improvement in reported fudged numbers.
yadda yadda
- no inflation (when you take away inflationary components)
- unemployment improving ( when you take away the disenfranchised)
- profits/financials ( when you layoff workers)
Market is engineered to go higher, only intermittent downdrafts, QE4 (hasn't been made public), FED is supporting equity prices to preserve corporate financial picture, and ultimately public (pension funds).
Equity prices are a balloon with no substance. Thats whats scary. Chinese are lending because no matter what they cant stop, they need to fuel the growth of billions of people and the support infrastructure, only way is transfer of US wealth even if its debased. The american public may refrain, but government spending will continue.
yadda yadda
- no inflation (when you take away inflationary components)
- unemployment improving ( when you take away the disenfranchised)
- profits/financials ( when you layoff workers)
Market is engineered to go higher, only intermittent downdrafts, QE4 (hasn't been made public), FED is supporting equity prices to preserve corporate financial picture, and ultimately public (pension funds).
Equity prices are a balloon with no substance. Thats whats scary. Chinese are lending because no matter what they cant stop, they need to fuel the growth of billions of people and the support infrastructure, only way is transfer of US wealth even if its debased. The american public may refrain, but government spending will continue.
